Innovest Global, Inc. (OTC Pink: IVST) has had a phenomenal start to 2018 and we are not even halfway through the year yet. Management’s commitment to success and ability to execute the company’s growth plan is beginning to catch the attention of institutional investors.
A recent 13F filing showed that Beachwood, Ohio-based, Winslow Asset Management, purchased 10,000 shares of Innovest Global, Inc. (OTC Pink: IVST) during the first quarter. The filing detailed that the “purchase prices were between $0.01 and $0.44, with an estimated average price of $0.13.”
Innovest Global, Inc. (OTC Pink: IVST) was the only new position that Winslow Asset Management initiated during the first three months of 2018, which also added to its positions in Amgen, Inc. (NASDAQ: AMGN) and Berkshire Hathaway, Inc. (NYSE: BRK.B). Winslow Asset Management holds 88 stocks with a total value of $516 million, as of March 31, 2018.
IVST: Commercial & Industrial Division Seeing Triple-Digit Growth
It is hard to believe that just less than six months ago, Innovest Global, Inc. (OTC Pink: IVST) made the major announcement that it had closed on the acquisition of Shepherd Energy Solutions, which would later be the heart of Innovest Global, Inc.’s (OTC Pink: IVST) Commercial and Industrial division.
Over the course of the first several months into 2018, the company has managed to complete three acquisitions in its Commercial and Industrial division. The May 2nd announcement of the Letter of Intent to acquire a forensic energy auditing firm would mark the fourth completed acquisition for the division if completed.
As a result of acquisition surge, Innovest Global, Inc.’s (OTC Pink) Commercial and Industrial division has effectively gone from zero to over $4 million in annual revenue run rate. If the past several months are any indication, Innovest Global, Inc. (OTC Pink: IVST) is just getting started.
The Commercial & Industrial division is primarily comprised of three different focuses: Energy, Services and Durable Goods. The Energy services are focused on procurement, consultation and efficiency solutions. Services provide the quality customer service and digital marketing efforts. The Durable Goods houses 50,000 OSHA SKU’s and ability to continue expanding even further into other areas of durable goods.
Here is a further breakdown of the subsidiaries that comprise each segment of Innovest Global, Inc.’s (OTC Pink: IVST) Commercial and Industrial division:
Energy:
Shepherd Energy Solutions: “specializes in energy- cost- reduction for industrial, institutional, commercial, business and retail facilities. We combine a variety of cost-effective approaches and non-invasive green technologies to immediately reduce your utility bills and carbon footprint.”
H.P. Technologies: “provides comparably competitive electricity and natural gas purchase programs for residential and commercial consumers, while giving energy suppliers the opportunity to extend special offers and savings to potential new customers. Our utility consulting process is a turnkey approach to utility savings that can be tailored to fit the client’s needs.”
Services:
Crestwood Management (Call Center): “full service inbound and outbound customer service and sales center, expanding into Digital Marketing services. Innovest’s Call Center is PCI Compliant, SAS 70 Type II Certified, FDCPA Compliant, is an ACA International member; and has many internal controls, policies, and procedures that add to client confidence.”
Durable Goods:
Chagrin Safety Supply: “Chagrin has 35-year history, including having been awarded the master contract post-911 from the US Postal Service to supply nitrile safety gloves to the nations 44,000 post offices.”
Overall, Innovest Global, Inc. (OTC Pink: IVST) has a very exciting future ahead, as the growth momentum continues to pick up speed. The company’s success is beginning to be noticed by institutional investors, after Winslow Asset Management initiated a new position during the first quarter. With only weeks left until Innovest Global, Inc.’s (OTC Pink: IVST) audited financials are ready and filing OTCQB Venture Market uplisting documents, the company prepares for the next phase in its growth story.
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